Career Advice Finance Guide

Make Money Without Working

By: Kaitlyn Hackett
Dec 3, 2020 • 5 min read

Yep, you heard us right! Make money without working. Learn how!

If we told you that you could make money WITHOUT working, you probably think we are lying, or this is a scam, right? In reality, there is such a thing as making money without actively working for it. Although, sometimes it requires a little bit of work upfront. This is called passive income. Passive income is revenue streams that you can earn, requiring little to no effort after you start.

Passive Income vs. Side Hustle

Let’s first define the difference between passive income and side hustle jobs. While passive income can be considered a form of side hustling, there is a distinguishable difference between the required amount of time and money. Normally, a side hustle will be a small job that you do in addition to a full or part-time job. Side hustles require active work and generate more money, the harder you work. On the other hand, passive income is all about setting up a form of revenue that does NOT require you to actively work, for example, investing, renting out your house, etc.


Passive Income: Selling a course online

Side Hustle: Teaching a night course every week


Passive Income: Selling stock photos

Side Hustle: Freelance Photographer

So How Do You Start?

Passive income generally requires one of two things:

  1. Starter Fuel (i.e. money to start investing, energy to create a product, etc.)
  2. Time Investment (i.e., the passive income requires time to set up)

When you start researching which type of passive income works best for you, make sure that you are ready for the upfront commitment required when setting up these revenue streams. If you start strong, there are limitless possibilities for your income to grow.

Invest in Stocks

Investing in stocks is one of the most popular forms of passive income. Investing your money can be intimidating, but as long as you do your research, starting to invest is a great way to earn more money without working. Many outside factors will determine how much this stream of revenue will generate. Consider starting small at first and grow from there.  Read our beginner’s guide to investing to see if you are ready!

Affiliate Marketing

In a world of social media influencers, affiliate marketing is generating tons of revenue. Don’t worry, it’s not just for famous influencers! Affiliate marketing is when you essentially become a partner or affiliate with a company to receive a small commission when an item is purchased using your shared link or discount code. Becoming a ‘nano influencer’ to increase your profits through affiliate marketing is a great way to generate passive income.

Create & Sell a Course

Do you have a skill or knowledge that you want to share? Consider creating a course to teach and then sell the course on Udemy. Talented tutors can also create and sell courses on platforms likes Udemy. While it requires an upfront time investment, your work stops once you upload and sell your work! Other reputable alternatives for this method are Thinkific and Teachable.


Rental properties are a trendy choice in the passive income world, though they generally require more start-up money and effort than most. But you can still make money from renting even if you do not have an extra room or house. Here are a few different items that you can begin renting

  1. Car
  2. RV/Trailer
  3. Bike, Surfboard, Snowboard
  4. Instrument

Shopping Cash Back Rewards

If you are already shopping, wouldn’t it be nice to make some extra money from it? A few sites that offer cashback rewards are Ebates (now Rakuten), Topcashback, Earny, and Swagbuck. Don’t forget to read the fine print when signing up for these sites!

App Creation

This is for all the developers and program looking to make extra money. While app creation is not for everyone, if you can do this and begin monetizing your app with ads, you will successfully create a passive revenue stream.

Vending Machine?

Seems crazy, but you can actually buy your own vending machine! Vending machines require a higher upfront cost but are very easy to maintain. If you own your own business, check out discounted machines on EVending and UsedVending.

Sell Domain Names for Websites

Domain names for websites can be extremely valuable for new websites and business. If you are interested in conducting market research and enjoy seeing trend buying and selling domain names may just be for you. This works by buying domain names and offering to sell to new companies, influencers, or businesses.

Become a Notary

Becoming a notary is extremely easy. In most states, all you need to do to become one is fill out an application and pay the fee for the official notary paperwork and stamp. A notary is an official witness to oversee the signing of legal documents. Essentially all the is required once you become a notary is your signature, and you can get paid!

Cash Back Credit Card

One of the easiest avenues for passive income starts with a cashback credit card. If you are a frequent traveler or are interested in earning more from your credit card, do extra research and find a credit card that offers cashback and bonuses for the thing you already are spending money on! It’s always important to read the fine print when getting a new credit card and ALWAYS pay it off!

Are You Ready?

Being successful in generating passive income starts with having a strong and well-researched plan before you begin. The goal is to create or invest in something that will generate profit without actively improving or changing things. If you want to find more ways to get started, read more about passive income here. So, are you ready to make some money?


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